Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Sundry Assets A/c Dr. To Revaluation A/c(Unrecorded assets recorded) Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive any two circumstances in which sacrificing ratio may be applied. (C.B.S.E. 2019) Next PostWhat is the effect of admission of a new partner on Partnership? You Might Also Like The Balance Sheet of X, Y and Z as at 31st March, 2020 was: August 5, 2022 Current Liabilities of a company were Rs. 1,75,000 and its Current Ratio was 2: 1. It paid Rs. 30,000 to a Creditor. Calculate Current Ratio after payment. August 10, 2022 A and B are partners. A’s Capital is Rs. 1,00,000 and B’s Capital is Rs. 60,000. Interest on capital is payable @ 6% p.a. B is entitled to a salary of Rs. 3,000 per month. Profit for the current year before interest and salary to B is Rs. 80,000. Prepare Profit and Loss Appropriation Account. July 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Current Liabilities of a company were Rs. 1,75,000 and its Current Ratio was 2: 1. It paid Rs. 30,000 to a Creditor. Calculate Current Ratio after payment. August 10, 2022
A and B are partners. A’s Capital is Rs. 1,00,000 and B’s Capital is Rs. 60,000. Interest on capital is payable @ 6% p.a. B is entitled to a salary of Rs. 3,000 per month. Profit for the current year before interest and salary to B is Rs. 80,000. Prepare Profit and Loss Appropriation Account. July 20, 2022